Now more than ever a homebuyer needs to know how to make an offer on a home.
In the Boise, Idaho area we are experiencing a shortage of homes for sale and in most parts of the country, this holds true. There just isn’t enough supply to meet demand in most markets. We are at a time when interest rates are still at historic lows and people are more confident in the economy, so we are seeing new buyers hit the market every week.
For those who have already been out searching for their new home, the reality of an inventory shortage means that not only are fewer homes available on the market, but they tend to receive offers quickly and in some cases receive multiple offers.
How Making an Offer on a House Works
So what’s a buyer to do when faced…